Australian marketing startup Stackla is suing Facebook after the US social media giant banned the business from the site’s data in the wake of the Cambridge Analytica scandal. The AFR reports that Stackla, co-founded in 2012 by Damien Mahoney and Peter Cassidy, lodged proceedings in the US District Court in San Francisco last week. Meanwhile,… Read more »
Investors who backed medical technology company, Osteopore Ltd (ASX: OSX), which listed today, watched the company’s value go through the roof as the shares jumped by 300% in value and nearly a quarter of the 26.25 million shares issued changed hands. Osteopore 3-D prints “bioresorbable” implants for surgery that dissolve as the bone heals. … Read more »
Hello, and happy Monday. Welcome to your daily dose of tech and startup news, both local and global. 1. WeWork’s biggest investor, Japan’s SoftBank, is reportedly backing a push to oust the startup’s controversial CEO, Adam Neumann. SoftBank has ploughed more than US$10 billion into the co-working space venture, for a 29% stake in… Read more »
The Sept 20 School Strike for Climate in Sydney’s Domain. Photo courtesy of Kym Chapple Twitter @kymtje OK, so this isn’t startup news, per se, but here at Startup Daily, we spend a lot of time talking to founders about leadership, values and company culture – the beating heart and brains of a business that… Read more »
Tech unicorns Atlassian and Canva, along with leading startups Car Next Door, Future Super, Koala, Linktree and Sendle are among more than 2600 Australian businesses backing today’s student-led climate change strike under the Not Business As Usual coalition in an remarkable groundswell of business support. Millions of children worldwide are expected to take part… Read more »
Rhinohide founder Marc Berryman, with investors Andrew Banks and Dr Glen Richards. Photo: supplied Hello, and TGIF. Welcome to your daily dose of tech and startup news, both local and global. Keep an eye out for the bright blue Atlassian t-shirts at today’s climate strike protests. See you there. 1. Atlassian and Canva… Read more »
If the name Dustin Leonard sounds vaguely familiar, it’s probably because the last time you saw the dashing expat Texan, he was handing out free condoms in Africa. Leonard was in his 20s when he founded the social enterprise Hero Condoms, which aims to reduce the spread of HIV-AIDS in a buy one/donate one… Read more »
Hello and welcome to Startup Daily’s new morning roundup of tech and startup news, both here and overseas. Let’s get cracking 1. The NBN is chasing Telstra’s enterprise customers with government support. Communications Minister Paul Fletcher is speaking at the Committee for Economic Development of Australia (CEDA) conference today and will reportedly say… Read more »
Startup ecosystem analysts Techboard will announce the winners of the Australian Angel Awards 2019 at the Sydney Startup Hub next Friday, September 27, and as part of the event, is holding a panel session featuring four of the country’s best angel investors. Investible’s Trevor Folsom, Jelix Ventures founder and CEO Andrea Gardiner, Follow [the] Seed founding… Read more »
Practice Ignition, cloud-based software that helps accounts manage their own business, has raised AU$26 million in a series B, led by New York’s Tiger Global Management. MYOB co-founder and Xero Board member, Craig Winkler and Right Click Capital were among those also investing in the software startup, co-founded by Guy Pearson in Sydney in 2011.… Read more »
Car Next Door co-founder and CEO Will Davies Automotive giant Hyundai has doubled down on its support for vehicle -sharing marketplace Car Next Door, which lets people rent out the cars, investing another $6.2m in the venture in the hope that more people will buy more of the South Korean manufacturer’s products to rent out.… Read more »
Wellington-based RedShield, a cybersecurity startup that provides API protection via web application shielding, has raised NZ$14 million (AU$13m). New Zealand private equity firm Pencarrow led the round ahead of existing shareholder Sage Technologies. RedShield’s CEO and co-founder Andy Prow (pictured above) said the support recognised the company’s success in New Zealand , the US, UK… Read more »
Innovation and coworking hub YBF Ventures is teaming up with Honeywell Building Technologies to develop a Sydney-based proptech hub focussing on building automation. The new PropTech Hub, at the YBF’s recently opened Sydney CBD coworking space at 155 Clarence Street, will be a source of customer engagement for Honeywell, the US tech multinational, which has… Read more »
Plans for a multi-billion-dollar IPO of US coworking space company WeWork appear to be teetering on the edge amid questions about founder Adam Neumann and a plunge in the value of the company and reports that Softbank, the biggest investor, is pushing for a delay in the float. In trying to ascertain the value of the… Read more »
This is Startup Daily’s regular roundup of investment raises in the Australian and New Zealand startup sectors. Each Friday will give you a snapshot of the week’s investment activity. If we missed your raise, please let us know (contact details below). Quantum computing startup Q-CTRL has raised US$15 million (AU$22m) in a Series A round led… Read more »
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